1920
The Eastern Bank Ltd. (EBL) opens a branch in Chatham Street. |
1957
The share capital of EBL is acquired by the Chartered Bank. |
1969
The Commercial Bank of Ceylon Ltd. incorporated with EBL holding 40% of its equity. |
1971
The business of the EBL is taken over by the Chartered Bank. |
1973
The Galle, Jaffna and Kandy branches of the Mercantile Bank Ltd. are acquired by the Bank. |
1979
The Foreign Currency Banking Unit is formed. |
1980
Commercial Development Company Ltd. is incorporated to construct a Headquarters for the Bank with a 40% equity participation. |
1984
The Headquarters of the Bank is shifted to "Commercial House", No. 21,
Bristol Street, Colombo 1. |
1987
EBL changes its name to Standard Chartered (UK) Holdings Ltd. |
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1988
An associate company, Commercial Leasing Company Ltd. is formed. |
1990
Introduced ATM facilities to its customers. First five ATMs were installed at Foreign, Borella, Nugegoda, Kotahena & Kollupitiya branches. |
1993
Introduction of the Core Banking Software-International Comprehensive Banking System (ICBS) linking nine metropolitan branches. |
1994
Bank celebrates its 25th Anniversary. |
1996
Shareholdings in Commercial Development Company PLC increased to 94.55% through a share swap. |
1997
Standard Chartered Bank sells its 40% stake in the Bank. |
1998
365-day branch at Colombo 7 Branch is opened. All branches except Jaffna are linked to the ICBS. |
1999
Banking and supermarketing are combined by opening the first "MiniCom". |
2000
Internet Banking is launched. |
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2001
Opened the 100th branch at Kaduruwela and the Gold Trading Unit at the Foreign Branch. |
2003
The operations of Credit Agricole Indosuez in Bangladesh is taken over. |
2004
Commercial Bank Social Responsibility Trust was set up. |
2005
Raises US$ 65 million 2-year syndicated loan with an option to extend it for a further year at the option of the lender, the first such loan by a non-sovereign corporate in the country. Introduces the first mobile ATM in the country. |
2006
Raised US$ 10 million by issuing a five-year bond, the first of its kind by an indigenous bank in Sri Lanka.
Opens 150th branch at Mahiyanganaya. |
2007
Links up with ‘MoneyGram’ for Fund transfers arround the world.
Launches 'Pay Master' total payment solution. |
2008
Bank disposes of its 30% stake in the equity of Commercial Leasing Company PLC.
Becomes the first Sri Lankan bank to be ranked among the Top 1000 Banks in the World. |
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